Preparing quotes for your business

A quote tells your customers how much you’ll charge and what your terms of service are. If a customer accepts your quote, it becomes a legally binding contract.

Benefits of preparing good quotes

Preparing good quotes can have several advantages for your business. Some of the benefits include:

  • being more competitive by showing a professional image

  • higher profitability by offering your goods at the right price

  • lower legal risk.

Tips to prepare good quotes

Tips for doing quotes well include:

  • making quotes in writing

  • satisfying customers by better managing expectations

  • aiming for a profitable return.

  • To learn more about preparing good quotes, read the Queensland Government’s Preparing a business quote guide.

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